- Inspection year
- 2021
- Report date
- 07-Nov-2022
- PCAOB release
- 104-2023-010
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 6
- Report
- View PDF ↗
Deficiencies (1)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Inventory | The firm did not obtain sufficient appropriate audit evidence with regard to the issuer's inventory cycle-count procedures. Specifically the firm did not obtain an understanding of the issuer's cycle-count process test the sampling methodology and selection parameters used by the issuer or perform other procedures to evaluate whether the issuer's cycle-count procedures were sufficiently reliable to produce results substantially the same as those which would be obtained by a count of all items during the year. (AS 2510.11) Financial statement audit only | AS 2510.11 |